Indian Market Witnesses a Significant Rally

The combined market capitalisation of India’s ten most valued companies soared by Rs 3,84,004.73 crore last week, driven by a strong rebound in equities. HDFC Bank and Bharti Airtel emerged as the top gainers, leading the surge.

Market Indices Reflect Broad-Based Recovery

The BSE benchmark Sensex rallied 3,395.94 points or 4.51 per cent, while the NSE Nifty surged 1,023.1 points or 4.48 per cent during the holiday-shortened week. This reflects a broad-based recovery in investor sentiment.

Key Players in the Rally

HDFC Bank led the gainers, adding Rs 76,483.95 crore to its market valuation. Bharti Airtel’s market cap jumped by Rs 75,210.77 crore, and Reliance Industries added Rs 74,766.36 crore, retaining its position as India’s most valued company.

Other Notable Movers

ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance, ITC, Infosys, and Hindustan Unilever also witnessed significant gains in their market capitalisation, contributing to the overall market rally.